In The Search for Value: Measuring the Company's Cost of Capital, Michael C. Ehrhardt analyzes the latest prescriptive techniques and models for determining the cost of capital. He provides a comprehensive framework for practitioners by detailing the various methods for accurately evaluating in...

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Bibliographic Details

Main Author:	Ehrhardt, Michael C. 1955- (Author)
Format:	Book
Language:	English
Published:	Boston, Mass. Harvard Business School Press 1994
Series:	Financial Management Association survey and synthesis series
Subjects:	Bedrijfswaarde Investissements de capitaux Kapitaalinvesteringen Sociétés - Évaluation Taxatie Capital investments Corporations > Valuation Unternehmensbewertung Kapitalkosten
Summary:	In The Search for Value: Measuring the Company's Cost of Capital, Michael C. Ehrhardt analyzes the latest prescriptive techniques and models for determining the cost of capital. He provides a comprehensive framework for practitioners by detailing the various methods for accurately evaluating investment in projects, divisions, or entire companies He begins with a general discussion of the cost of capital within the context of a firm's overall search for value and continues on to cover such topics as discounted cash flow analysis, flotation costs, long-term projects, and international projects, as well as situations in which traditional cash flow analysis may not apply, such as regulated companies Ehrhardt moves easily through a variety of technical concepts, providing numerous step-by-step examples to explain how theoretical constructs can be applied to daily financial decisions. He also provides a particularly detailed analysis of estimating capital costs in multidivisional, multiproduct, and multinational firms. Each chapter features an extensive bibliography for further reading
Physical Description:	XII, 232 S.
ISBN:	0875843808